Scotiabank Boosts Interfor (TSE:IFP) Price Target to C$50.00

Interfor (TSE:IFP) had its price objective upped by Scotiabank from C$44.00 to C$50.00 in a research report sent to investors on Wednesday, BayStreet.CA reports.

IFP has been the subject of a number of other research reports. Raymond James lifted their target price on shares of Interfor from C$57.00 to C$60.00 and gave the stock a strong-buy rating in a report on Wednesday, November 24th. TD Securities boosted their price target on shares of Interfor from C$43.00 to C$54.00 in a report on Wednesday, January 5th. CIBC boosted their price objective on shares of Interfor from C$36.00 to C$46.00 in a research report on Monday, January 10th. Finally, Royal Bank of Canada cut their price objective on shares of Interfor from C$47.00 to C$44.00 in a research report on Wednesday, October 20th.

Shares of IFP opened at C$43.67 on Wednesday. The stock has a market cap of C$2.65 billion and a price-to-earnings ratio of 3.17. The company has a quick ratio of 2.14, a current ratio of 2.83 and a debt-to-equity ratio of 26.42. Interfor has a 12 month low of C$21.53 and a 12 month high of C$44.56. The company has a 50-day moving average price of C$35.18 and a two-hundred day moving average price of C$30.82.

Interfor (TSE:IFP) last announced its quarterly earnings results on Thursday, November 4th. The company reported C$0.74 EPS for the quarter, topping analysts’ consensus estimates of C$0.72 by C$0.02. The business had revenue of C$664.27 million for the quarter. Equities research analysts expect that Interfor will post 9.3399995 EPS for the current fiscal year.

In other Interfor news, Senior Officer Simon Bruce Luxmoore sold 7,860 shares of the business’s stock in a transaction dated Thursday, November 25th. The shares were sold at an average price of C$33.78, for a total transaction of C$265,510.80. Following the sale, the insider now directly owns 10,703 shares of the company’s stock, valued at approximately C$361,547.34.

About Interfor

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. The company offers lumber products for decking, fascia and trims, framings, furniture, industrial packaging, Japan Zairai, millworks, paneling, sidings, trusses, and windows and doors.

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